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MIND

Minda Industries NSEI:MINDAIND Stock Report

Last Price

₹917.00

Market Cap

₹262.1b

7D

1.7%

1Y

37.5%

Updated

25 Jun, 2022

Data

Company Financials +
MINDAIND fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends2/6

MINDAIND Stock Overview

Minda Industries Limited, together with its subsidiaries, designs, develops, manufactures, and sells auto components in India and internationally.

Minda Industries Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Minda Industries
Historical stock prices
Current Share Price₹917.00
52 Week High₹1,257.40
52 Week Low₹629.15
Beta0.79
1 Month Change2.75%
3 Month Change-5.97%
1 Year Change37.47%
3 Year Change188.14%
5 Year Change329.61%
Change since IPO7,503.65%

Recent News & Updates

Jun 02
Here's Why I Think Minda Industries (NSE:MINDAIND) Might Deserve Your Attention Today

Here's Why I Think Minda Industries (NSE:MINDAIND) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

MINDAINDIN Auto ComponentsIN Market
7D1.7%4.7%2.3%
1Y37.5%-7.9%-0.9%

Return vs Industry: MINDAIND exceeded the Indian Auto Components industry which returned -7.9% over the past year.

Return vs Market: MINDAIND exceeded the Indian Market which returned -0.9% over the past year.

Price Volatility

Is MINDAIND's price volatile compared to industry and market?
MINDAIND volatility
MINDAIND Average Weekly Movement5.7%
Auto Components Industry Average Movement6.1%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: MINDAIND is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MINDAIND's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195823,000Nirmal Mindahttps://www.unominda.com

Minda Industries Limited, together with its subsidiaries, designs, develops, manufactures, and sells auto components in India and internationally. It provides auto electrical parts, including switches, horns, and lighting products. The company’s products include switching systems and handle bar solutions for two/three-wheelers and off-road vehicles; sensors, actuators, and controllers, including start-stop sensors, contact and non-contact type speed sensors, HID ballasts, tire pressure monitoring systems, electronic accelerator pedal modules, and DC-DC converters; and lights for two, three, and four-wheelers, as well as off-road vehicles.

Minda Industries Fundamentals Summary

How do Minda Industries's earnings and revenue compare to its market cap?
MINDAIND fundamental statistics
Market Cap₹262.09b
Earnings (TTM)₹3.56b
Revenue (TTM)₹83.13b

73.7x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MINDAIND income statement (TTM)
Revenue₹83.13b
Cost of Revenue₹52.72b
Gross Profit₹30.41b
Other Expenses₹26.85b
Earnings₹3.56b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)12.45
Gross Margin36.58%
Net Profit Margin4.28%
Debt/Equity Ratio21.7%

How did MINDAIND perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

12%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MINDAIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MINDAIND?

Other financial metrics that can be useful for relative valuation.

MINDAIND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.3x
Enterprise Value/EBITDA30.8x
PEG Ratio2.3x

Price to Earnings Ratio vs Peers

How does MINDAIND's PE Ratio compare to its peers?

MINDAIND PE Ratio vs Peers
The above table shows the PE ratio for MINDAIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average50.6x

Price-To-Earnings vs Peers: MINDAIND is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the peer average (50.6x).


Price to Earnings Ratio vs Industry

How does MINDAIND's PE Ratio compare vs other companies in the Indian Auto Components Industry?

Price-To-Earnings vs Industry: MINDAIND is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the Indian Auto Components industry average (21.9x)


Price to Earnings Ratio vs Fair Ratio

What is MINDAIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MINDAIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio73.7x
Fair PE Ratio35.2x

Price-To-Earnings vs Fair Ratio: MINDAIND is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the estimated Fair Price-To-Earnings Ratio (35.2x).


Share Price vs Fair Value

What is the Fair Price of MINDAIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MINDAIND (₹917) is trading above our estimate of fair value (₹408.87)

Significantly Below Fair Value: MINDAIND is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: MINDAIND is poor value based on its PEG Ratio (2.3x)


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Future Growth

How is Minda Industries forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MINDAIND's forecast earnings growth (31.9% per year) is above the savings rate (6.7%).

Earnings vs Market: MINDAIND's earnings (31.9% per year) are forecast to grow faster than the Indian market (17.4% per year).

High Growth Earnings: MINDAIND's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MINDAIND's revenue (17.2% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: MINDAIND's revenue (17.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MINDAIND's Return on Equity is forecast to be low in 3 years time (18.8%).


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Past Performance

How has Minda Industries performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


1.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MINDAIND has high quality earnings.

Growing Profit Margin: MINDAIND's current net profit margins (4.3%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: MINDAIND's earnings have grown by 1.8% per year over the past 5 years.

Accelerating Growth: MINDAIND's earnings growth over the past year (72.2%) exceeds its 5-year average (1.8% per year).

Earnings vs Industry: MINDAIND earnings growth over the past year (72.2%) exceeded the Auto Components industry 33.8%.


Return on Equity

High ROE: MINDAIND's Return on Equity (11%) is considered low.


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Financial Health

How is Minda Industries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MINDAIND's short term assets (₹29.6B) exceed its short term liabilities (₹23.4B).

Long Term Liabilities: MINDAIND's short term assets (₹29.6B) exceed its long term liabilities (₹7.2B).


Debt to Equity History and Analysis

Debt Level: MINDAIND's net debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: MINDAIND's debt to equity ratio has reduced from 43.3% to 21.7% over the past 5 years.

Debt Coverage: MINDAIND's debt is well covered by operating cash flow (46.9%).

Interest Coverage: MINDAIND's interest payments on its debt are well covered by EBIT (7.9x coverage).


Balance Sheet


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Dividend

What is Minda Industries's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.22%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 25 2022Ex Dividend DateJul 07 2022Dividend Pay DateJan 01 197019180 days from Ex DividendBuy in the next 11 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MINDAIND's dividend (0.22%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: MINDAIND's dividend (0.22%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).


Stability and Growth of Payments

Stable Dividend: MINDAIND's dividend payments have been volatile in the past 10 years.

Growing Dividend: MINDAIND's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.9%), MINDAIND's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: MINDAIND is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Nirmal Minda (64 yo)

12.08yrs

Tenure

₹77,300,000

Compensation

Mr. Nirmal Kumar Minda has been Non-Independent Chairman and Managing Director at Minda Industries Limited since May 25, 2015 and serves its Director since September 16, 1992. Mr. Minda serves as Managing...


CEO Compensation Analysis

Compensation vs Market: Nirmal's total compensation ($USD987.60K) is above average for companies of similar size in the Indian market ($USD643.30K).

Compensation vs Earnings: Nirmal's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MINDAIND's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: MINDAIND's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.1%.


Top Shareholders

Company Information

Minda Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Minda Industries Limited
  • Ticker: MINDAIND
  • Exchange: NSEI
  • Founded: 1958
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: ₹262.093b
  • Shares outstanding: 285.78m
  • Website: https://www.unominda.com

Number of Employees


Location

  • Minda Industries Limited
  • Village Nawada Fatehpur
  • PO Sikanderpur, Badda
  • Gurugram
  • Haryana
  • 122004
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.